ACME Green H2 to set up green ammonia & H2 plant worth Rs. 52,474 crore in Thoothukudi
Gurugram-based ACME Green Hydrogen and Chemicals Pvt. Ltd. has announced that it is setting up green ammonia and green hydrogen factory in the port town of Thoothukudi, Tamil Nadu, at an investment of Rs. 52,474 crore.
This will be one of the largest such plants in the world, said the company's founder, Manoj Kumar Upadhya, at the Tamil Nadu Investors' First Port of Call-Investment Conclave. This was the largest investment announced at the event.
The green ammonia hydrogen will provide chemicals to the fertilizer industry, fuel to the power sector, and to the shipping industry. The factory needs four main things-a large piece of land, near the port, solar radiation, and a skilled talent pool-and the State is blessed to have all four, he said at the event.
Tamil Nadu further enhanced its image of being the top state in the country when it comes to clean and renewable energy with two significant projects worth nearly Rs.12,000 crore announced at the event.